Asia Pacific markets trade mixed; Ant Group files for Hong Kong-Shanghai listing
Stocks in Asia Pacific mixed in Wednesday morning trade as major indexes on Wall Street notched new records yet again overnight.
In Japan, the Nikkei 225 rose 0.16% while the Topix index shed 0.14%. South Korea’s Kospi added 0.2%.
Meanwhile, Australia’s S&P/ASX 200 dipped 0.59%.
Overall, the MSCI Asia ex-Japan index was little changed.
In corporate developments, Chinese tech giant Alibaba’s affiliate Ant Group on Teusday filed for a concurrent listing on the Shanghai Stock Exchange’s STAR market — a Nasdaq-style tech board — and the Hong Kong stock exchange. Ant Group, which runs the highly popular Alipay mobile payments app in China, has not disclosed details about the pricing of its shares.
Reference: CNBC
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